17 November 2015

IMX RESOURCES LIMITED 2015 ANNUAL GENERAL MEETING

Chairman's Address and Presentation

Please find attached the Chairman's Address and presentation that will be delivered at the IMX Resources Limited Annual General meeting in Perth today.

Yours sincerely,

STUART McKENZIE

Company Secretary

About IMX

IMX Resources is an Australian minerals exploration company that holds a 5,400 km2 tenement package at the Nachingwea Property in south-east Tanzania. The Nachingwea Property hosts the Chilalo Graphite Project, the Ntaka Hill Nickel Project and the Kishugu and Naujombo Gold Prospects. IMX's primary focus is on high quality graphite and it is rapidly advancing development of the Chilalo Graphite Project, where there is a high-grade Indicated and Inferred JORC Mineral Resource of 9.2 Mt grading 10.7% Total Graphitic Carbon, comprised of an Indicated Resource of 5.1 Mt grading 11.9% TGC for 613,800 tonnes of contained graphite and an Inferred Resource of 4.1 Mt grading 9.1% TGC for 370,300 tonnes of contained graphite. Chilalo is located approximately 220 km by road, from the deep water commercial Mtwara Port, the majority of which is a sealed main road. IMX aims to become a respected supplier of high quality graphite.

To find out more, please visit www.imxresources.com.au.

Ladies and Gentlemen

These past 12 months have been as difficult a period in the resources sector as any I can recall in my 45 year career in the mining industry. We have responded by repositioning the Company to focus on our highly prospective Nachingwea Property in Tanzania and in particular the Chilalo Graphite Project.

Graphite is a commodity that has an exciting future, and IMX is well positioned to become an important supplier of high quality product to the market. The Company is of the view that focusing on our Chilalo Graphite opportunity will ensure the best outcomes for shareholders.

By way of background, graphite is an industrial mineral with a number of important applications and various product markets that are growing at a significant pace.

You may be familiar with the advances in the automobile industry, with most major car companies now either marketing electric or hybrid vehicles or rapidly advancing towards production of such vehicles. Graphite is a key component in the manufacture of electrodes for lithium-ion batteries that are fundamental to powering electric vehicles. In fact, Macquarie Bank's research is forecasting a 57% annual growth rate in the Chinese electric vehicle manufacturing sector over the next five years, driven by Government targets to expand the population of electric vehicles to 5 million by 2020 and the need to reduce pollution.

Lithium-ion batteries are also used in energy storage devices with residential and commercial applications. A growing retail market already exists and a number of analysts believe that this has the potential to be a larger market than that for electric vehicles.

While our Chilalo graphite is suitable for use in lithium-ion batteries, our product also has a significant percentage of large and jumbo flake graphite, which is ideal for producing high-margin, premium priced expandable graphite. Expandable graphite has multiple applications in the manufacture of products such as graphite foil which is used in every mobile phone, laptop or tablet device as well as flame retardant and thermally efficient building materials. Expandable graphite is a rapidly growing market and our research has indicated there are currently long lead times being experienced in China for these products. Supportive of this demand is recent news that the Chinese Government is considering introducing legislation requiring the use of graphite based flame retardant building materials in all new construction. Feedback from end users has confirmed that IMX's jumbo flake material has world class expansion rates, something we expect to be confirmed in testwork currently being completed at the Wuhan Technology Institute. For these reasons, we expect that premium priced expandable graphite will be the cornerstone market for Chilalo graphite.

Over the past 12 months, a great deal of progress has been made to advance our Chilalo project towards production. A maiden JORC resource was announced demonstrating the Project has the highest grade JORC resource in Tanzania, a country which is emerging as the world's new capital for coarse flake graphite. Subsequently, the resource was upgraded to higher confidence categories and metallurgical testwork has confirmed the high portion of large and jumbo flake material. Looking ahead, we are awaiting results of our Pre-Feasibility Study which are expected in

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the coming days, and following that we expect to finalise environmental approvals and a mining licence in the next month or so. In addition, management has made solid progress towards securing an offtake and finance partner for Chilalo, which will signal a significant milestone for the Company.

The broader Nachingwea Property continues to offer a number of opportunities to create value for shareholders. Nachingwea is a large landholding, strategically located in the highly prospective Mozambique Belt, which has a sizeable data base of geological information. This has given us a strong exploration platform that has supported not only the Chilalo graphite discovery, but also identification of the Kishugu and Naujombo Gold targets. Recent test pitting at Kishugu has confirmed the size of a significant gold anomaly and generated valuable information for determining a drill program for 2016.

Most shareholders will likely be aware that IMX received a letter of demand regarding a potential claim against the directors and officers of Termite Resources, an incorporated joint venture 50% owned by IMX which was placed into liquidation in June 2014, as well as against IMX. This is disappointing, particularly as the liquidators of Termite have previously accepted that Termite was not insolvent until or about the time at which voluntary administrators were appointed in June 2014. Receipt of this letter of demand was the first time the Termite liquidators had asserted a claim would be made against the Company. Our legal advice is that should a claim be made, it is weak and if necessary, IMX will vigorously defend such a claim.

We move into 2016 with a clear focus on delivering shareholder value from our Chilalo Graphite Project and the Nachingwea Property more broadly. I look forward to keeping you updated as we further advance Chilalo and thank shareholders for their ongoing support.

Thank you.

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www.imxresources.com.au

AGM Presentation

17 November 2015

Corporate Snapshot

IMX Resources Limited FPO as of 13/11/2015

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Chilalo: a world class flake graphite project

Chilalo has emerged as one of the world's best

flake graphite projects

Chilalo produces high purity jumbo flake graphite

PFS results in coming days - focus on a low cost, high-margin project

Highest grade JORC resource in Tanzania, the

world's new coarse flake graphite capital

Graphite is the commodity of the future, Chilalo has exposure to:

• High-margin expandable graphite market

• High-growth lithium-ion battery market

• Large and stable refractory market

  
  

  PFS imminent, offtake / finance at advanced stages

  
  

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  Project Location - Tanzania

  
  

  Located within Tanzania/Mozambique Graphite Province

  5,400km2 Nachingwea Property located in the Mozambique belt, south-east Tanzania

  Mozambique belt is world-renowned for both high-grade and coarse flake graphite

  Tanzania proving to be the coarsest flake

  graphite province in the world

  
  

  Proximity to existing infrastructure

  
  

  IMX is an experienced in-country operator - over 15 years

  
  

  Tanzania

  Stable democratic Government - election

  recently completed without incident

  Strong GDP growth over the past 10 years

  Globally competitive tax and regulatory regime

  Access to skilled and educated workforce

  
  

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  Shimba Deposit

  Highest grade JORC resource in Tanzania

  
  

  High-grade Mineral Resource (Indicated and Inferred) of 9.2 Mt @ 10.7% TGC

  • 62% of the resource in Indicated category

  • 15% of resource is a near surface oxide zone - low operating costs

Mineralisation at or near surface

Only metallurgical testwork required to

upgrade Indicated to Measured Resource

PFS focused on high-grade zone only, low- grade stockpiled

Shimba Deposit

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Exploration Upside

Large scale potential

Potential to significantly expand resources once in production

Shimba resource represents 1km out of 54km of strike identified by VTEM

34km of high conductance targets with similarities to high-grade Shimba resource

Exploration target tonnage of 100- 350Mt @ 3-11% TGC shows that Chilalo has scale to expand, once in production1

Current resource sufficient to fast track development of the currently proposed project scale

VTEM - a further 53km of untested strike length

1. ASX announcement 2 September 2015. An Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Since announcing the Exploration Target on 2 September 2015, IMX confirms that it is not aware of any new information or data that materially affects the information included in that announcement.

   
   

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   A high quality product

   
   

   Offtake Progress

   MOU with China-Base Ningbo

   • Offtake MOU for 25,000tpa of graphite concentrate

   • China-Base Ningbo are a large international commodities trader with pre- existing trading relationship with IMX

   • Discussions for offtake / finance ongoing

   Due diligence also being conducted by multiple other parties for offtake and finance

   IMX targeting dominant industry players

   Chilalo produces a high quality product

   • High % in large and jumbo flake categories

   • 95% TGC weighted average concentrate grade from

     basic flotation

     Improvement expected following metallurgical optimisation

     Downstream testwork being undertaken at Wuhan Technology Institute to:

   • Optimise flake size distribution

   • Confirm expandability

   • Test for battery-grade spherical graphite

   • Produce industry grade graphene

1. Forecast prices based on analyst projections and end-user discussions.

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   Expandable Graphite - the jumbo flake market

   High-margin, expected to be the cornerstone of IMX's graphite business

   
   

   
   

   Expandable graphite is produced from jumbo flake graphite Uses:

   • Graphite foil used in electronic devices

   • Flame retardant building materials

   • Gaskets

   • Thermal insulation

   • Graphite paper used in manufacturing industry Current long lead times in China for expandable graphite

Chinese Government reviewing legislation mandating use of flame retardant

building materials in all future construction

Growth in expandable graphite applications creating a sizeable market for Chilalo's high-margin jumbo flake graphite.

IMX to release expandable graphite testwork in the coming months

Expandable Graphite

Graphite Foil

Flame retardant building materials

Heat Shield for Electronic Devices

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Spherical Graphite - the high growth market

Rapidly growing demand for spherical graphite from batteries for electric vehicles and energy storage

Tesla building a $5b 35GWh battery factory - expected to be operational in 2016

China expanding capacity to > 50GWh by 2020

Chinese Government committed to reducing pollution

• By 2016, 30% of Chinese Government car fleet will be

  EVs

• China EV production up 850% year on year (October 2015)

• Chinese government targeting an EV population of 5

million by 2020

Newer model EVs have higher battery capacities to give greater range - increase in graphite demand

Tesla Model S has an 85kW battery consuming 170kg of spherical graphite (425kg of flake graphite)

Li-ion batteries provide efficient energy storage solutions

IMX to release battery grade-spherical graphite testwork in the coming months

Tesla Model S - Market-leading battery range of 420km

Tesla CEO, Elon Musk - Presenting the Powerwall

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